But I am looking to devote full time to RE investing now, and I dont want to pay full commissions anymore.

Hi everybody,I am new on this forum.I am a Dutch immigrant trying to find his way in the land of opportunity.I am a mechanical and computer engineer and also have a RE license for Florida.

Charles Parrish wrote:Make sure you have a back door clause (subject to and contingent upon third party assignment before settlement) and that you give yourself enough time to re-cycle the property (buyer shall have 60 banking days to settle) and a safty clause (buyer has the right to extend the settlement by 25 banking days if necessary to complete all settlement paper work) and make sure you have the right to remarket the property before settlement ( buyer has the right to remarket property by private treaty or public auction any time before settlement)......and so on.

Most people working out there aren't getting a 10% raise a year, let alone for 5 years in a row...The RE market has changed a lot in the last couple years.

There is money to be made in re-development, especially with government assistance.

(especially @ 10-15%) w/a balloon in 12/18/24 months, & amortize for 10-15 years max; lenders appreciate/respect when a seller was realistic w/the sales conditions.Getting a RE-Fi for commercial property is MUCH easier than purchase money, and even selling Your seller held 1st (&2nd) are followup optionsIf this helped, don't hesitate, give me a call(or email), I'll help all I can, including financing the purchaser;(386)365-1767

As a property manager for 40 years, the biggest mistake is thinking that being a "landlord" is easy....that purchasing the RE is the hard part and that the rest is downhill.Newbies who go to Staples or Office Depot, get a generic lease, put a sign in the yard and get blinded by the CASH flashed at them by the applicants who smell the "new landlord" on them.....and then they don't see any more money for 4 to 6 months.

You plumber can normally tell you what the cause was.I'd consult your RE Attorney to be certain, though.

IF U want 2 go on the safe side...talk 2 the private lenders...U're funding at that point flippers/other investors/re-habbers & they're paying YOU 10-18% 4 the use of Your money...while YOU hold the 1st mortgage against the property they're prepping 2 sell 2 pay You back;It's both an excellent investment (always < 80% Loan to Value{LTV}& the most secure place U could ever put Your $$?

Currently I am working toward a teaching credential and don't feel ready to enter the real estate world yet.